The total has more than doubled from five years earlier, according to Dealogic data. The figures cover debt in dollars with subinvestment grade credit ratings, or no rating, and run to Dec. 18. They don’t include bonds sold by governments.
SavedYouAClick got any time for this one?
Sounds dangerous.
TL; DR The Fed is artificially keeping rates several pp lower than they would naturally be, increasing financial instabilities = more financial risk = more Fed intervention required in the future.
The love of mammon is the very root of ALL evil... Beware !!!
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